The relevant practical failure is not chemical at all: it is losing the link between a vial and its certificate when the box gets thrown away.
Reconstituted with a preservative-containing diluent: refrigerated, conventionally treated as usable for about 28 days from first entry. Without a preservative, single use and discard.
Position matters less than people think: upright or on its side makes no difference to a lyophilised powder, and upright is marginally better for a reconstituted vial because it keeps the stopper dry.
Two-to-eight-degree refrigeration and minus-twenty freezing are the standard storage conditions for lyophilised peptides in supplier documentation across the market.
Appearance does not indicate stability; a normal-looking cake can be substantially degraded.
Dry, cold, dark, still. Four words and you have the answer.